Laserfiche WebLink
Exhibit 2 <br />article shall be required to forfeit all money so obtained. Recovered funds shall be <br />deposited into the inclusionary housing fund. <br />(c) Legal actions. The city may institute any appropriate legal actions or proceedings <br />necessary to ensure compliance with this article, including actions: <br />(1) To disapprove, revoke, or suspend any permit, including a building permit, <br />certificate of occupancy, or discretionary approval; and <br />(2) For injunctive relief or damages. <br />(d) Recovery of costs. In any action to enforce this article, or an inclusionary housing <br />agreement recorded hereunder, the city shall be entitled to recover its reasonable <br />attorney's fees and costs. <br />Sec. 41-1909. - Inclusionary housing fund. <br />(a) Inclusionary housing fund. There is hereby established a separate fund of the city, <br />to be known as the inclusionary housing fund. All monies collected pursuant to this <br />article shall be deposited in the inclusionary housing fund. Additional monies from <br />other sources may be deposited in the inclusionary housing fund. The monies <br />deposited in the inclusionary housing fund shall be subject to the following <br />conditions: <br />(1) Monies deposited into the inclusionary housing fund must be used to increase <br />and improve the supply of housing affordable to moderate, low, very low, and <br />extremely low income households in the city as specified in the city's Affordable <br />Housing Funds Policies and Procedures. A priority will be on the creation of <br />affordable housing opportunities or units from the existing market rate housing <br />stock rather than construction of new affordable housing units. This includes, <br />but is not limited to, the purchase and rehabilitation of units for sale. Monies <br />may also be used to pay for one-time programs for code enforcement, quality of <br />life and general health and safety activities. Monies may also be used to cover <br />reasonable administrative or related expenses associated with the <br />administration of this article. <br />(2) The fund shall be administered by the executive director, or his or her <br />designee, who may develop procedures in the city's Affordable Housing Funds <br />Policies and Procedures to implement the purposes of the inclusionary housing <br />fund consistent with the requirements of this article and any adopted budget of <br />the city. <br />(3) Monies deposited in accordance with this section shall be used in accordance <br />with the Affordable Housing Funds Policies and Procedures, housing element, <br />consolidated plan, or subsequent plan adopted by the city council to construct, <br />rehabilitate, or subsidize affordable housing or to recapture affordable housing <br />at risk of market conversion, or to assist other government entities, private <br />organizations, or individuals to do so. Permissible uses include, but are not <br />limited to, assistance to housing development corporations, equity participation <br />11 C-32 <br />